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Taipei Foreign Exchange Market December 2024

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                      Release Date: January 22, 2025                 

Taipei Foreign Exchange Market December 2024

The Taipei foreign exchange market covers all foreign exchange transactions made by authorized foreign exchange banks and offshore banking units. After eliminating double counting arising from interbank transactions, total net trading volume in the market amounted to US$908.3 billion in December 2024. The average daily turnover was US$41.3 billion.

 

  1. By trading counterparty:(USD billions)

Transactions between 

banks and customers

Interbank transactions

Amount

%

 

Amount

%

262.8

28.9

With domestic banks

 181.6

20.0

With foreign banks

 463.9

51.1

Total

 645.5

71.1

 
  1. By trading currency:(USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  379.5

 41.8

USD/RMB

153.4

 16.9

NTD/Other foreign currencies

   14.2

  1.6

USD/YEN

 74.9

  8.2

Total

  393.7

 43.4

EUR/USD

 62.4

  6.9

 

AUD/USD

 50.2

  5.5

GBP/USD

 21.3

  2.3

Other foreign currencies

152.4

 16.8

Total

514.6

 56.6

 
  1. By transaction type:(USD billions)

 Items

Amount

%

Foreign exchange swaps

479.6

52.8

Spot transactions

342.2

37.6

Outright forwards

 58.8

 6.5

Options

 24.8

 2.7

Cross currency swaps

  2.6

 0.3

Margin trading

  0.3

 0.1

 
  1. By trading platform:(USD billions)

Items

Amount

%

Through brokers

 286.1

31.5

Direct dealing

 622.2

68.5

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In December 2024, the turnovers of interest rate swaps and equity swaps & options were US$5.0 billion and US$0.2 billion, respectively.

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